In May, New RMB Loans Increased By 639 Billion 400 Million Yuan &Nbsp, And M2 Growth Slowed Down In June.

The financial operation data released by the people's Bank of China on May 11 showed that in May, new RMB loans increased by 639 billion 400 million yuan, and M2 growth slowed down in June.

Data show that at the end of 5, the balance of broad currency (M2) was 66 trillion and 340 billion yuan, an increase of 21% over the same period last year, 0.5 percentage points lower than that of last month, while the balance of narrow money (M1) was 23 trillion and 650 billion yuan, an increase of 29.9% over the previous month, 1.4 percentage points lower than that of last month, and the balance of currency in circulation (M0) was 3 trillion and 870 billion yuan, up 15.2% over the previous year. Net cash in the month was 100 billion 500 million yuan, more than 30 billion 700 million yuan a year.

Foreign currency loans increased by 630 billion 600 million yuan, of which RMB loans increased by 639 billion 400 million yuan and foreign currency loans decreased by 1 billion 400 million US dollars. At the end of 5, the balance of foreign currency loans was 46 trillion and 810 billion yuan, an increase of 23.2% over the same period last year. Loans for foreign currency and foreign currency increased by 630 billion 600 million yuan in the same month, a decrease of 143 billion 600 million yuan compared with the same period last year. The balance of RMB loans was 43 trillion and 990 billion yuan, up 21.5% over the same period last year, 0.5 percentage points lower than last month. RMB loans increased by 639 billion 400 million yuan in that month, a decrease of 27 billion 500 million yuan compared with the same period last year. According to the sub sector, household loans increased by 263 billion 300 million yuan, of which short-term loans increased by 71 billion 400 million yuan, medium and long-term loans increased by 191 billion 900 million yuan, loans from non-financial enterprises and other sectors increased by 376 billion 600 million yuan, of which short-term loans increased by 33 billion 400 million yuan, medium and long-term loans increased by 308 billion 700 million yuan, and paper financing increased by 37 billion 700 million yuan. The balance of foreign currency loans was 412 billion US dollars, an increase of 59.6% over the same period last year, and foreign currency loans decreased by 1 billion 400 million US dollars during that month.

Foreign currency deposits increased by 1 trillion and 70 billion yuan, of which RMB deposits increased by 1 trillion and 80 billion yuan and foreign currency deposits decreased by 1 billion 900 million US dollars. At the end of 5, the balance of foreign currency deposits was 67 trillion and 460 billion yuan, an increase of 20.4% over the same period last year. The foreign currency deposits increased by 1 trillion and 70 billion yuan in the same month, representing a decrease of 279 billion 300 million yuan compared with the same period last year. RMB deposits balance of 66 trillion and 70 billion yuan, an increase of 21% over the previous year, 1 percentage points lower than last month. RMB deposits increased by 1 trillion and 80 billion yuan in that month, a decrease of 252 billion 800 million yuan compared with the same period last year. Among them, household deposits increased by 70 billion yuan, deposits of non-financial enterprises increased by 487 billion 200 million yuan, and fiscal deposits increased by 384 billion 300 million yuan. The balance of foreign currency deposits was 202 billion 500 million US dollars, down 1.7% compared with the same period last year, and foreign currency deposits decreased by 1 billion 900 million US dollars in that month.

RMB transactions in interbank markets are active and market interest rates have risen. RMB transactions in the interbank market totaled 14 trillion and 30 billion yuan in May 2010, with an average daily turnover of 701 billion 300 million yuan, with an average daily turnover of 26.1% over the same period.

In May, the weighted average interest rate of interbank market interbank lending was 1.67%, 0.33 percentage points higher than that of last month, and the weighted average interest rate for repurchase of pledged bonds was 1.71%, 0.35 percentage points higher than that of last month.